Question
Please solve the hypothesis testing problems (#1, and 2) using Minitab as the tool.For each problem, (1) specify the business and statistical hypotheses, (2) specify
Please solve the hypothesis testing problems (#1, and 2) using Minitab as the tool.For each problem, (1) specify the business and statistical hypotheses, (2) specify what the Type I and Type II errors are in this business context, and, the implications of making those errors, (3) include the results from Minitab, (4) draw appropriate conclusions to your statistical hypotheses based on the results, and, finally, (5) present the business conclusions in a short non-statistical summary. For problem 3, use Minitab and follow instructions given with the problem. For problem 4, several analyses will be necessary. Present each analysis with business/statistical hypotheses, Minitab results, and business conclusions. Incorporate those analyses into a short report.
After receiving your bachelor's degree in personnel management, you were hired by a small but expanding life insurance company.Your first assignment is to develop a more efficient technique for the preliminary screening of applicants for sales positions.Since the firm employs only college graduates, you decide to work with information focusing on their performance during college.
A random sample of 25 from the firm's current sales force is selected and the following information is obtained:
Last year's performance evaluation score
College grade point average (GPA)
Percent of total college expenses earned by the individual
Number of social organizations the individual belonged to
Percent ofNumber of
PerformanceExpensesSocial
ScoreGPAEarnedOrganizations
432.1502
472.8205
532.6103
562.7601
573.800
642.6302
683.2101
682.8302
742.6102
752.9401
773.0300
783.2151
813.4202
832.8403
872.6605
883.1500
892.4804
903.3102
912.9506
923.5401
933.7302
943.1205
953.6701
963.2104
973.4400
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On the basis of the data obtained, what recommendations can you make regarding the preliminary screening of applicants for sales positions?
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